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The global switch mode power supply transformers market grew at a CAGR of around 5% during 2015-2020. A switch mode power supply (SMPS) transformer refers to an electronic power supply unit that incorporates a switching regulator in order to provide the required output voltage using rectifiers, choppers, transformers, input filters and control circuits. SMPS transformers run at high frequency, step up and down voltages and provide isolation between input and output sources. As they also enable minimal energy dissipation and assist in the efficient utilization of power, they are widely utilized in commercial and industrial electronics products worldwide. Presently, the leading players are introducing SMPS transformers with multiple secondary windings that produce different voltage outputs.
A significant rise in the sales of consumer electronics, such as adapters, smartphones, refrigerators and personal computers (PCs), represents one of the major factors impelling the market growth. These transformers are lightweight and compact and reduce the overall size, noise and weight while improving efficiency. Consequently, they are gaining traction in medical devices, railway systems, communication devices and commercial power supplies. Moreover, due to flexible power conversion and reduced shipping costs, the application of SMPS transformers is increasing in industrial control systems and machine tools worldwide. Apart from this, the growing automotive industry that utilizes SMPS in portable car chargers is also contributing to the market growth. Furthermore, with the growing environmental concerns, the key players are focusing on the development of eco-friendly product variants. Other factors, such as the rising trend of miniaturized electronics components and the emergence of the Internet of Things (IoT), are anticipated to influence the market positively. Looking forward, IMARC Group expects the global switch mode power supply transformers market to exhibit moderate growth during the next five years.
IMARC Group provides an analysis of the key trends in each sub-segment of the global switch mode power supply transformers market report, along with forecasts for growth at the global, regional and country level from 2021-2026. Our report has categorized the market based on region, type and application.
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The competitive landscape of the industry has also been examined along with the profiles of the key players being APX Technologies Inc., Coil Winding Specialist Inc., Hang Tung Electronic Technology Co. Ltd., Infineon Technologies AG, Premier Magnetics Inc., Prisource Electronics Co. Ltd., Pulse Electronics (Yageo Corporation), Sumida Corporation, Tamura Corporation, TDK Electronics AG (TDK Corporation) and West Coast Magnetics.
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